Industry:
Retail
Business Address:
70 Dauncey Street, Kingscote, SA, 5223
Click on pics to enlarge.
AD
ID:
B231100009
Asking
Price:
P.O.A
Rent:
Detail
business type:
Lottery Footwear, Clothing
Business
Ph:
0428 606 420
After
hours ph:
Contact Details
Name:
Mr. Richard Inwood
Advertising
Nature:
R/E Agent
Company
Name:
Inwood Real Estate
Phone:
0428 606 420
Mobile:
Fax:
Email:
richard@inwoodrealestate.com.au
Website:
Suburb/State:
Kingscote / SA
Postal Code:
5223
Country:
Australia
Comments:
Features
LOTTERY OUTLET WITH FOOTWEAR, CLOTHING AND SOUVENIRS IN KANGAROO ISLAND FOR SALE
Rare opportunity to invest in an affordable important Kingscote based business on Kangaroo Island. One of the longest-lived businesses on Kangaroo Island. Resilient, dependable and profitable with excellent Gross Profit and Return On Investment, matched with an enviable island lifestyle. "Kangashoos" is famous on the Island for footwear, clothing, jackets, hats, souvenirs, fashion accessories and the Island's only SA Lotteries outlet which is one of the first in South Australia and has been within this business for 50 years! Building was purpose built for "Kangashoos" with electricity and rent ($30k) being the only annual costs. Lease is a rolling 5+5 with 9 years remaining.
Significant intellectual property is embedded within the business supplier connections, sales and credit history with unrivalled entry and access to key and core brand such as ASICS, Frontline, Globe, New Balance, Hush Puppies, Thomas Cook, Crocs, Steel Blue. Sole distributorship for these brands on the Island.
* Stock on Hand - $180,000 - $200,000. Amount on hand over can be negotiated to suit the purchaser
* "Kangashoos" has been in the same hands for 23 years and in continuous profitable operation for 50 years (approx.)
* Staff: 1 permanent part time (20 and 30 hours a week) and three casuals
* Owner's additional benefits shoes, clothing, "Frontline" buying group access and associated extensive product range, private vehicles paid for
* Hours Mon Friday 9am-5.30pm, Sat 9am-1pm Sunday seasonal
For further details, please contact Richard Inwood 0428 606 420.
Email: richard@inwoodrealestate.com.au
